The Mexican unit of Brazilian construction firm Odebrecht said on Monday it will fight the sanctions announced last week by the Mexican government, dismissing them as unfair and unjustified. Mexico …
your ads here!Economy
Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies
Bloomberg Donating $4.5 Million to Support Paris Climate Accord
Former New York City Mayor Michael Bloomberg announced Sunday he is giving $4.5 million to the United Nations Climate Change Secretariat to cover a U.S. government funding gap for the …
your ads here!World Bank Shareholders Back $13 billion Capital Increase
The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, …
your ads here!EU, Mexico Reach New Free Trade Deal
The European Union and Mexico reached an agreement Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States …
your ads here!IMF Says Trade Tensions, Debt Load Threaten World Economy
The International Monetary Fund’s policymaking committee said Saturday that a strong world economy was threatened by increasing tension over trade and countries’ heavy debt burden. Longer-term prospects are clouded, it …
your ads here!US Treasury Secretary Weighs China Trip for Trade Talk
U.S. Treasury Secretary Steven Mnuchin said Saturday that he was contemplating a visit to China for discussions on issues that have global leaders concerned about a potentially damaging trade war. “I …
your ads here!China: No Military Aim of Corridor Project With Pakistan
China has strongly refuted suggestions its multibillion-dollar economic corridor now under construction with Pakistan has “hidden” military designs as well. Beijing has pledged to invest about $63 billion in …
your ads here!France: EU Needs Full Exemption from US Tariffs
The European Union needs to be exempted from steel and aluminum tariffs announced by the United States in order to work with Washington on trade with China, France’s Finance Minister …
your ads here!Antitrust Probe Targets AT&T, Verizon, Paper Reports
The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, The New York Times reported …
your ads here!DOJ: Did AT&T, Verizon Make it Hard to Switch?
The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The companies confirmed …
your ads here!Report: Sanctions-Hit Russian Firms Seek $1.6B in Liquidity
Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the …
your ads here!Wells Fargo to Pay $1B to Settle Customer Abuse Charges
American banking giant Wells Fargo has agreed to pay federal regulators $1 billion to settle charges that it failed to identify and avert problems related to its mortgage and auto …
your ads here!Reports: $1B Fine for Wells Fargo for Illegal Sales
U.S. news reports say Wells Fargo will be fined as much as $1 billion for illegally selling customers car insurance policies they did not want or need, and for charging …
your ads here!US-China Trade Row Threatens Global Confidence: IMF’s Lagarde
The biggest danger from the U.S.-China trade dispute is the threat to global confidence and investment, International Monetary Fund Managing Director Christine Lagarde said on Thursday. The IMF chief said …
your ads here!Unsold Aluminum Piling Up at Russian Sanctions-Hit Rusal Factory
Russian aluminum giant Rusal is stockpiling large quantities of aluminum at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal …
your ads here!Russia Demands Compensation for US Tariffs on Aluminum, Steel
Russia demanded compensation from the U.S. for its worldwide tariffs on foreign aluminum and steel Thursday, becoming the third influential member of the World Trade Organization to do so. China, …
your ads here!De Beers Rolls Out App to Clean Up Sierra Leone Diamond Supply Chain
Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the …
your ads here!House Panel Cuts Food Stamps, Renews Farm Subsidies
A bitterly divided House panel Wednesday approved new work and job training requirements for food stamps as part of a five-year renewal of federal farm and nutrition policy. The GOP-run …
your ads here!SunPower Buys US Rival SolarWorld to Head Off Trump Tariffs
SunPower Corp. on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports. The …
your ads here!US Manufacturers Seek Relief From Steel, Aluminum Tariffs
President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief. Nearly 2,200 companies …
your ads here!Merkel Wants European Monetary Fund With National Oversight: Sources
German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. …
your ads here!EU Pushes to Approve Japan Trade Deal
The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade …
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